The average monthly sales volume is calculated as the total value of sales processed in a year divided by 12 months.
More Industry Terms
3D Secure is a fraud prevention tool used by online merchants. It helps verify that…
Jennifer MeredithSeptember 17, 2018
An acquirer is a bank or financial institution that operates on the merchant’s behalf to…
Jennifer MeredithSeptember 26, 2018
Address Verification Service (AVS) is an identity verification tool used by eCommerce merchants to reduce…
adminSeptember 13, 2018
Visa manages disputes with two workflows: allocation and collaboration. The reason code the issuer assigns…
Jennifer MeredithSeptember 17, 2018
If a transaction dispute can’t be resolved with the standard chargeback process, the issue can…
adminSeptember 13, 2018
Before finalizing a transaction, the merchant must submit an authorization request to the customer’s issuer.…
Jennifer MeredithSeptember 17, 2018
The average monthly sales volume is calculated as the total value of sales processed in…
Jennifer MeredithSeptember 17, 2018
The average monthly transaction volume is calculated as the total number of transactions processed in…
Jennifer MeredithSeptember 17, 2018
The average ticket amount is calculated as the net value of sales divided by the…
Jennifer MeredithSeptember 17, 2018
A bank identification number (BIN) is used to uniquely identify each bank or financial institution…
Jennifer MeredithSeptember 17, 2018
[…] accounts come with pre-determined limitations, such as sales volume and transaction volume. As a business grows, more merchant accounts will be needed to accommodate […]